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Sorry, South Africa, for the damage we are causing to the economy - Eskom

5 December 2018 8:32 PM
Tags:
Eskom
The Money Show
Bruce Whitfield
Khulu Phasiwe
Jabu Mabuza
SOEs
Eskom results
bailout
soe
state-owned enterprises
Eskom debts
state-owned companies
eskom debt

It wants Govt to take on the debt as part of a turnaround plan to shore up its balance sheet, says spokesperson Khulu Phasiwe.

(Also read: Eskom is not sustainable, warns its Chairperson Jabu Mabuza)

Apologies to South Africa for the damage that we are causing in terms of the economy…

Khulu Phasiwe, Eskom

We’re likely to see a reduction in the levels of load-shedding by Thursday…

Khulu Phasiwe, Eskom

Eskom wants the government to take on R100 billion of its debt.

The state-owned utility is facing ever-expanding debt levels and liquidity problems.

Eskom Chairperson Jabu Mabuza last week said he was against asset sales to solve Eskom’s problems, preferring a bailout from taxpayers instead.

The electricity provider forecasts a loss of R11.2 billion this financial year.

The Money Show’s Bruce Whitfield interviewed Khulu Phasiwe, Eskom’s national spokesperson.

Listen to the interview in the audio below (and scroll down for more quotes from it).

We’ve put together a 9-point plan to stabilise the system…

Khulu Phasiwe, Eskom

The load-shedding we see now is not a result of the shortage of coal…

Khulu Phasiwe, Eskom

Medupi is almost there… we only have one unit yet to be connected to the grid… Kusile still has a long way to go…

Khulu Phasiwe, Eskom

We have about 27 days [of coal supplies]… We shouldn’t be on this level… something has gone seriously wrong…

Khulu Phasiwe, Eskom

We have 27 new coal contracts…

Khulu Phasiwe, Eskom

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5 December 2018 8:32 PM
Tags:
Eskom
The Money Show
Bruce Whitfield
Khulu Phasiwe
Jabu Mabuza
SOEs
Eskom results
bailout
soe
state-owned enterprises
Eskom debts
state-owned companies
eskom debt

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